Technology Stocks : On Track Innovations Ltd. (OTIV)
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From: JakeStraw1/31/2017 8:59:50 AM
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OTI Receives Purchase Order for First Installment of 10,000 Cashless Payment Systems Sale into Japanese Market

“This is a significant purchase order for OTI,” said Shlomi Cohen, OTI’s CEO. “Japan has an estimated 6 million vending machines, which represents a major opportunity for growth for OTI in the Asia-Pacific market. Our FeliCa-based otiMetry vending telemetry solution is perfectly suited for the Japanese market where our technology offers FeliCa cashless payments, which are required for local customers, while also enabling international customers a way to pay using their preferred EMV credit cards, such as Visa and MasterCard.”

otiMetry is a modular and cost-effective telemetry solution for smart vending and cashless payments. otiMetry incorporates telemetry, sales, operations, and marketing into an affordable all-inclusive solution that makes any vending business a smart and interactive one with real-time online management capabilities and alerts. The otiMetry System includes the OTI UNO 8700 Reader and the GoBox Multi-Service Telemetry Gateway.
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